Why is Amco India falling/rising?

As of 25-Jul, Amco India Ltd's stock price is currently at 91.95, reflecting a decrease of 1.05, or 1.13%. Today's price summary indicates that the stock has underperformed its sector by 0.36% and has experienced a trend reversal after two consecutive days of gains. The stock reached an intraday high of Rs 95.85, representing a 3.06% increase, but also fell to a low of Rs 88.7, which is a decline of 4.62%. Despite this drop, the stock has shown strong performance over the past year, with a return of 45.72%, significantly outpacing the market's negative return of -0.19%. The company has an attractive valuation with a return on capital employed (ROCE) of 3.2 and a PEG ratio of 0.2, indicating that it is trading at a discount compared to its peers.
In the broader market context, while Amco India has seen a positive return of 1.60% over the past week and 2.68% over the past month, the benchmark Sensex has declined by 0.36% and 1.56% respectively during the same periods. This suggests that the stock has been performing relatively well compared to the overall market. However, the recent decline in price may be attributed to profit-taking after the stock's strong upward movement and increased investor participation, as evidenced by a 50.15% rise in delivery volume. The liquidity of the stock remains adequate, allowing for continued trading activity despite the current price drop.